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Nuveen AMT-Free Municipal Credit Income Fund
NVG

163 hedge funds and large institutions have $320M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 47 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

6% more capital invested

Capital invested by funds: $301M → $320M (+$18.8M)

0.25% more ownership

Funds ownership: 10.15% → 10.4% (+0.25%)

4% less funds holding

Funds holding: 169 → 163 (-6)

19% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 47

24% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 21

Holders
163
Holders Change
-6
Holders Change %
-3.55%
% of All Funds
4.06%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
16
Increased
38
Reduced
47
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PPA
Parametric Portfolio Associates
Washington
+$15.1M
2
CA
Cornerstone Advisory
Maryland
+$6.91M
3
IWA
IBEX Wealth Advisors
New Jersey
+$1.33M
4
COLIM
City of London Investment Management
United Kingdom
+$1.08M
5
Wells Fargo
Wells Fargo
California
+$1.01M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$6.31M
2
LPL Financial
LPL Financial
California
-$4.39M
3
GC
Guggenheim Capital
Illinois
-$3.33M
4
SJIC
St. James Investment Company
Texas
-$1.08M
5
KIM
Karpus Investment Management
New York
-$999K
Name Holding Trade Value Shares
Change 		Change in
Stake
TNBTD
76
Trustmark National Bank Trust Department
Mississippi
$452K -$29.9K -2,000 -6%
PHIMC
77
Private Harbour Investment Management & Counsel
Ohio
$434K – – –
RCAG
78
Rehmann Capital Advisory Group
Michigan
$420K – – –
BA
79
BCM Advisors
Louisiana
$412K – – –
DA
80
Doliver Advisors
Texas
$409K +$404K +26,995 New
SIM
81
Sadoff Investment Management
Wisconsin
$406K – – –
IAMOG
82
Investors Asset Management of Georgia
Georgia
$396K – – –
CSA
83
Cottage Street Advisors
Massachusetts
$372K – – –
Janney Montgomery Scott
84
Janney Montgomery Scott
Pennsylvania
$367K -$44.9K -3,000 -11%
FAAS
85
First Allied Advisory Services
California
$357K – – –
HCM
86
Hollencrest Capital Management
California
$356K – – –
IH
87
IFC Holdings
Florida
$342K +$18.4K +1,233 +6%
WSFS
88
Wilmington Savings Fund Society
Delaware
$341K – – –
CCB
89
Cutter & Co Brokerage
Missouri
$324K – – –
GAG
90
GM Advisory Group
New York
$323K – – –
MML Investors Services
91
MML Investors Services
Massachusetts
$319K +$91K +6,088 +41%
CBTWT
92
Community Bank & Trust (Waco, Texas)
Texas
$309K -$18.9K -1,264 -6%
HCM
93
Hilton Capital Management
New York
$303K – – –
PVWM
94
Point View Wealth Management
New Jersey
$302K -$1K -67 -0.3%
OC
95
Oppenheimer & Co
New York
$297K +$294K +19,636 New
CI
96
Conning Inc
Connecticut
$292K – – –
GWM
97
Geneos Wealth Management
Colorado
$280K +$31.5K +2,108 +13%
ICOA
98
Investment Centers of America
North Dakota
$279K -$40.9K -2,734 -13%
UCFA
99
United Capital Financial Advisors
Texas
$259K +$256K +17,086 New
Baird Financial Group
100
Baird Financial Group
Wisconsin
$258K -$9.23K -617 -3%
2 3
4
5 6

NVG Hedge Fund Activity: Q2 2017 in Review

163 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2017, worth a combined $320M — up 6.2% from $301M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of NVG and 16 opened new positions — a net loss of 5 holders — while 47 trimmed existing stakes and 38 added.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $15.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.31M.

  • 163 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2017, down from 169 in Q1 2017.
  • Funds reported $320M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2017, up 6.2% quarter-over-quarter.
  • 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2017 and 21 closed out, a net change of -5 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $15.1M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2017 was Rivernorth Capital Management, an estimated $6.31M sold.

Based on aggregated 13F filings for Q2 2017.